Bentley Systems (BSY) Price & Analysis
BSY Stock Chart & Stats
- Day’s Range
- MXN 648.01 - MXN 648.01
- 52-Week Range
- MXN 540.80 - MXN 1,067.00
- Previous Close
- MXN 648.01
- Volume
- 0
- Average Volume (3M)
- 33
- Market Cap
- MXN 232.11B
- Enterprise Value
- MXN 10.65B
- Total Cash (Recent Filing)
- MXN 146.98M
- Total Debt (Recent Filing)
- MXN 1.27B
- Price to Earnings (P/E)
- 44.5
- Beta
- 0.17
- Next Earnings
- Nov 05, 2026
- EPS Estimate
- 6.22
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 0.73%
Bulls Say, Bears Say
Bulls Say
Recurring Revenue And Retention
A predominantly recurring revenue base and strong retention provide durable visibility into future sales while reducing reliance on constant new-customer wins. Net revenue retention above 100% also shows the installed base is expanding through upsell, cross-sell, and broader adoption.
High Margins And Cash Generation
High software margins and free cash flow near net income indicate that reported profitability converts effectively into cash. This supports continued investment, debt reduction, and shareholder returns while giving Bentley financial capacity to sustain its product and platform strategy.
Electric Grid Market Expansion
PLS strengthens Bentley’s position in the expanding electric-grid infrastructure market and demonstrates that its portfolio can extend across geographies and specialized workflows. Customer outcomes such as cost savings and faster rebuilds can reinforce product value and support durable adoption.
Bears Say
Meaningful Leverage
Although leverage has improved, debt remains material relative to equity for a software company. Ongoing borrowing obligations can reduce flexibility if growth slows or financing conditions tighten, limiting the funds available for acquisitions, investment, or shareholder returns.
Delayed AI Monetization
Bentley is progressing its AI initiative, but postponing monetization means near-term adoption may not translate into revenue. Lumpy Asset Analytics demand and the need to validate usage, APIs, and agents create execution uncertainty around when this strategic investment becomes a dependable growth contributor.
Dependence On Larger Growth Drivers
The stated need for acquisitions or sizable Asset Analytics wins to reach the upper growth range suggests that organic momentum alone may not be sufficient. This can increase execution dependence on deal timing, integration, and a limited number of larger customer opportunities.
Bentley Systems News
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Bentley Systems Stock Smart Score
Company Description
Bentley Systems
Bentley Systems, Inc., along with its affiliated companies, delivers specialized software solutions for infrastructure engineering across a global footprint, encompassing the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. Its offerings encompass open modeling and simulation software for integrated infrastructure design, featuring tools such as MicroStation, OpenRoads, OpenRail, OpenPlant, OpenBuildings, OpenBridge, OpenSite, OpenFlows, STAAD and RAM, SACS, MOSES, AutoPIPE, SITEOPS, CUBE, DYNAMEQ, EMME, and LEGION. Additionally, it provides geoprofessional applications specifically for modeling and simulating near and deep subsurface environments, including Leapfrog, AGS Workbench, GeoStudio, Imago, MX Deposit, Oasis montaj, PLAXIS, and OpenGround. Bentley Systems further supplies project delivery platforms engineered to foster collaboration, facilitate work-sharing, and enable 4D construction modeling for entities managing infrastructure projects; these include ProjectWise, ProjectWise Design Review Service, and SYNCHRO. The firm also furnishes systems for optimizing asset and network performance, such as AssetWise ALIM, AssetWise Asset Reliability, AssetWise Enterprise Interoperability, AssetWise 4D Analytics, AssetWise Linear, and Seequent Central. Moreover, a range of specialized industry solutions is available, consisting of AssetWise Linear SUPERLOAD, AssetWise Linear Analytics, AssetWise Inspections, ContextCapture, OpenCities, OpenUtilities, OpenTower, OpenWindPower, Power Line, SPIDA, OrbitGT, sensemetrics, PlantSight, and WaterSight. Its diverse clientele spans a broad spectrum of professionals, including civil, structural, geotechnical, and geoscience engineers, architects, geospatial experts, urban and regional planners, as well as contractors, fabricators, and operations and maintenance personnel. Established in 1984, Bentley Systems, Inc. maintains its primary corporate office in Exton, Pennsylvania.
- Sector
- Technology
- Industry
- Software - Application
- CEO
- Nicholas H. Cumins
- Employees
- 5,800
- Website
- www.bentley.com
- Address
- 685 Stockton Drive, Exton, PA, 19341, US
Bentley Systems (BSY) Earnings & Revenues
BSY Company Deck
BSY Earnings Call
Earnings Call SentimentPositive
The call conveyed a predominantly positive operational and financial story: solid recurring revenue and ARR growth (ARR +12% YoY CC), high retention (NRR 109%), improving free cash flow (LTM FCF $498M), and strong momentum in strategic areas like PLS and resources. Management emphasized disciplined capital allocation (share repurchases, debt reduction) and significant progress on the infrastructure AI initiative (multiple MCP servers released, open model strategy). Lowlights were largely timing, macro and execution-related (China/geopolitics, FX headwinds, front-loaded investments, lumpy Asset Analytics monetization and the deliberate delay to monetize AI until validated). Overall, positive fundamentals and clear strategic initiatives outweigh near-term risks and timing effects.
View all MX:BSY earnings summariesBSY Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 12 | 1 | 6 |
| Technical Analysis | 4 | 1 | 2 |
| Moving Averages | 8 | 0 | 4 |